What are rates looking like for a typically hard money loan today? 10-15% ???? How many points are they usually charging too? When I underwrite properties I have been assuming they are charging 15% for the hard mone...
I am looking to buy a 4 plex that the owner currently pays all heat/electric on.
Do you guys know the implications/cost of splitting up these bills (or just one or the other? )
Thanks in advance.
Luke
So how does one get paid in a real estate transaction if they are not party to the transaction but played a significant role in the successful conclusion of said transaction and they aren't a real estate agent.All com...
Hey BP community!
We are in the process of purchasing our first rental property in PA and looking at opening up a separate bank account in order to track our expenses. At this time we are not looking at setting up a...
I'm looking at a duplex. 82k is the lowest the seller will go. The numbers make sense. The only thing I'm concerned with is that the property may not be worth 82k if you weren't looking at numbers - probably more arou...
Hello everyone!
I am wanting to switch up my business strategy and would like to get opinions on doing rent to owns as a business model.
My question is: can I get big down payments like 20k down and instead of giv...
Hi everyone! I've found a house that I like, in the area that's growing somewhat fast, and is walkable distance to major employers (around 20,000 jobs averaging $100,000 per year), it costs around $280,000. I don't pl...
This seems to be a pretty popular topic on BP these days so I thought I'd add to the wholesaling/marketing discussions. A little background and then we'll move on to the details.
Background
I started my journey in No...
How to always get lowest cost electricity?We looked online onhttp://www.powertochoose.org/we see that cheapest plan are mostly for 3 months.Whats best strategy?Is it best to look at above website every 3 months ans si...
Hey Guys, have a newbie question. I have a rental property that the tenant signed a 1 year lease in August then called me and said they have to move in December cause the husband lost his job. So i worked out a deal ...